Do what you are best at. Fuck all the bullshit.

“Find what you are good at and pour gasoline on it. Then light a match.”

Who’s the better athlete?

In a game of 1 on 1 basketball, who would win Jordan or Phelps? Of course, MJ would, he would beat Phelps 11–0. Phelps would never get a shot off.

In a swimming competition, who would win? Duh, Phelps would dust MJ.

The point of the aforementioned examples is to point out that these 2 athletes are considered on par some of the best athletes in human history. But it is only at their niche. If we were to ask them to race Bolt they would lose before they knew what hit them.

Do what you are innately and uniquely great at. You can be good in lots of things however you would arguably only achieve greatness in the lane you are naturally talented in.

Go be great.

Pulling the trigger

“Shut up and shoot. Stop pussyfooting.”

G.O.A.T.

We sometimes spend too much time and energy researching and lining up our shots. This isn’t to say research and proper due diligence isn’t important, on the contrary, it can be paramount to avoid catastrophe. I’m saying we spend all our time analyzing, thinking, tinkering, research, sleeping on it, etc., etc. blah, blah, blah and we never act. It’s exhausting. And it’s from fear of failure.

You’re gonna mess up. You’re gonna fail. Sometimes in the most epic ways. But the important thing is to shoot the shot. Imagine if Michael Jordan spent all his time analyzing the perfect angle to shoot a jump shot. Perfecting the way he jumped. Mastering the art of his fadeaway. But he never actually shot the ball…he wouldn’t be Michael Jordan.

Stop worrying so much about the 1% that can go wrong. There is never a way to mitigate 100% of the risk. You’ll never have all the information. You have to learn how to act with 70% or hell sometimes 60% of the information. The best leaders learn how to trust their gut and have the confidence to see their actions through.

After a certain point, the best mentor is experience. And the only way to get that is to shut up and shoot the shot.

Go Where The Opportunity Is

“If you pay attention, you will see where the opportunity is.”

Recently I read Sam Zell’s Am I Being Too Subtle. In it, he repeatedly emphasized, “When others are looking right, go left.” In today’s economy, there are a number of opportunities hiding in plain sight that go unnoticed by many who are looking to turn one dollar into three dollars.

Are you aware we are witnessing many legacy businesses trade hands? Private equity and hedge funds have made a killing buying and selling legacy businesses. What if I told you the average main street investor can copy these techniques? There is $30 trillion in assets transferring right now from Baby Boomers to subsequent generations. A lot of that wealth is tied up in small businesses (think plumbing, HVAC, and other small businesses).

In addition, many small businesses fail within the first 5 years. A main street investor can buy into a business and from day one, have cash flow coming in as opposed to starting from 0. It’s much easier to go from 1-2 than it is to go from 0-1. Meaning it’s much harder to start and business and make it profitable than it would be to buy a mature business and increasing revenue. Capital makes everything easier.

There is a bull case for small business acquisitions. The vast majority of these small businesses will be unfit for acquisition, no question about it. However, if you go on any golf course midday during the workweek, you’ll find it filled with small businesses that own their own business.

99% of NFT projects will fail. However…I made $5000 on one.

99% of NFT projects are trash and will fail. It’s essentially the wild wild west and it’s full of more winners than losers. Hats off to the people who can routinely flip projects for cash flow, however, the vast majority of people lose money with them. It’s due to this sentiment I trashed the whole sector almost 6 months ago. However, I said what the hell and as a small experiment attempted to flip one. I went 1 of 7 (still holding some). Here’s what I did and maybe you can find a method to the madness in my notes.

There are various NFT markets built on different types of blockchains. The most popular blockchains are Solana and Ethereum. I chose to go with Solana due to the low cost of transactions. With Ethereum transactions, you are literally paying $100.oo or more just to transact, whereas with Solana you put fractions of a penny.

You will need a wallet browser to buy Solana NFTs. I use the Phantom wallet as it’s the easiest wallet to set up with Chrome. Once you get the wallet set up, you have to load it with Solana. I used Crypto.com to buy some Sol and simply transferred it to my Phantom wallet. Beware of fees as it takes gas (transaction cost) to move from one wallet to another.

After you load up your wallet you’re going to want to download discord. Discord is a way to track how active a community is behind a project. This isn’t a surefire way to avoid NFT scams (rug pulls) but it helps as it also is a way to doxx (learn the identity) of a project’s founders.

To learn about upcoming projects you can use howrare.is/drops. Howrare.is is for Solana projects. Howrare will give you all the pertinent information you need to understand and due diligence on a project. It will give you the website, Twitter, and discord information in addition to the cost of a mint. Mint is essentially the first opportunity to buy into a project for the public. You have whitelist mints as well that allow you to buy before the public does so. Often the whitelist mints are cheaper than the public mint.

The key to NFT price is supply and demand, same as anything you buy or sell. The project I made money on have a small supply and they had Steve Aoki as an influencer to help drive activity.

Be sure to check out the website to understand the roadmap for each project. The roadmap will give insight as to why the creators made the NFT and to what purpose they are trying to achieve.

Once a mint is completed you can list and buy projects from marketplaces. Marketplaces are centralized websites where the blockchain is verified so as to avoid scams. Solana has a few such as MagicEden and Alpha Art. It’s important to note, you can note sell a project until after a mint.

I happened to mint a project called Monkey Kingdom at 3 am on November 26th. I sold it 3 weeks later for 34 sol which at the time was around $6000. I had to pay a royalty fee of $1000 and the rest was mine to keep.

And that’s how I made money on NFTs. I still will buy into projects and crypto but I see it as play money. I essentially only spent $5 bucks to make $5000 as I never traded with money I didn’t earn from crypto or flipping ICOs.

I know this article was longer than usual but I wanted to share how simply opening your mind can enhance your life (and your pockets). NFT as a technology isn’t going anywhere and through this experience, I’ve gained insights as to merging NFTs and crypto with real-world assets.